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Multifamily

Sunset Farm Cabins

68 Vacation Dr, Whittier, NC 28789

Listing Price: $1,400,000

Cap Rate
6.67%
Number of Units
7
GRM
2.25
Occupancy
100.0%
Price/Unit
$200,000
Price/Gross SF
$247.35
Gross SF
5,660

Investment Overview

Marcus & Millichap is pleased to present Sunset Farm Cabins, a 7-unit property in Western North Carolina with strong potential as a short-term rental investment. The property currently operates as long-term rentals and includes 2 one-bedroom/one-bath, 4 two-bedroom/one-bath, and 1 five-bedroom/three-bath cabin, offering a versatile mix of accommodations for families, couples, and larger groups. Nestled in the scenic foothills of the Great Smoky Mountains, Sunset Farm Cabins provides investors an opportunity to capitalize on the growing short-term rental market in Whittier and the surrounding region.

While currently leased as long-term rentals, the property is ideally positioned for conversion to short-term vacation rentals. Investors can leverage the area’s year-round tourism, limited high-quality cabin supply, and proximity to major attractions to generate strong revenue potential. With diverse unit types and flexible management options, Sunset Farm Cabins represents a compelling opportunity for investors seeking both immediate income and long-term upside in the vacation rental market.

Investment Highlights

  • Conversion Opportunity to Short-Term Rentals: Currently long-term leased but well-suited for vacation rental use, allowing investors to capture growing market demand.
  • Diverse Unit Mix: Features one-, two-, and five-bedroom cabins, appealing to a wide range of guest groups.
  • Prime Outdoor Recreation Location: Located near the Great Smoky Mountains, Fontana Lake, and Appalachian Trail, attracting year-round visitors.
  • Proximity to Asheville: Offers guests easy access to cultural amenities while maintaining a secluded, scenic retreat.
  • Revenue Growth Potential: Conversion to short-term rentals could generate premium nightly rates and maximize cash flow.
  • Limited Local Competition: Few comparable cabin properties in the area allow for differentiation and strong occupancy potential.

Exclusively Listed By

Multifamily

Sunset Farm Cabins

Listing Price: $1,400,000

Cap Rate
6.67%
Number of Units
7
GRM
2.25
Occupancy
100.0%
Price/Unit
$200,000
Price/Gross SF
$247.35
Gross SF
5,660

Investment Highlights

  • Conversion Opportunity to Short-Term Rentals: Currently long-term leased but well-suited for vacation rental use, allowing investors to capture growing market demand.
  • Diverse Unit Mix: Features one-, two-, and five-bedroom cabins, appealing to a wide range of guest groups.
  • Prime Outdoor Recreation Location: Located near the Great Smoky Mountains, Fontana Lake, and Appalachian Trail, attracting year-round visitors.
  • Proximity to Asheville: Offers guests easy access to cultural amenities while maintaining a secluded, scenic retreat.
  • Revenue Growth Potential: Conversion to short-term rentals could generate premium nightly rates and maximize cash flow.
  • Limited Local Competition: Few comparable cabin properties in the area allow for differentiation and strong occupancy potential.

Investment Overview

Marcus & Millichap is pleased to present Sunset Farm Cabins, a 7-unit property in Western North Carolina with strong potential as a short-term rental investment. The property currently operates as long-term rentals and includes 2 one-bedroom/one-bath, 4 two-bedroom/one-bath, and 1 five-bedroom/three-bath cabin, offering a versatile mix of accommodations for families, couples, and larger groups. Nestled in the scenic foothills of the Great Smoky Mountains, Sunset Farm Cabins provides investors an opportunity to capitalize on the growing short-term rental market in Whittier and the surrounding region. While currently leased as long-term rentals, the property is ideally positioned for conversion to short-term vacation rentals. Investors can leverage the area’s year-round tourism, limited high-quality cabin supply, and proximity to major attractions to generate strong revenue potential. With diverse unit types and flexible management options, Sunset Farm Cabins represents a compelling opportunity for investors seeking both immediate income and long-term upside in the vacation rental market.

Exclusively Listed By

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